MMKТs board recommends paying 0.806 rbl/share in divs for 2017 - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MMKТs board recommends paying 0.806 rbl/share in divs for 2017

MOSCOW, Feb 6 (PRIME) -- The board of directors of RussiaТs Magnitogorsk Iron and Steel Works (MMK) has recommended paying 0.806 rubles per common share in dividends for 2017, the company said in a statement on Tuesday.

In 2017, the company paid 0.869 rubles per share in dividends for JanuaryЦJune and 1.111 rubles per share, or a total of about U.S. $209 million, in dividends for JanuaryЦSeptember. Previously, he company paid 1.242 rubles per share or 13.879 billion rubles in final dividends for 2016.

Under its dividend policy, MMK earmarks at least 50% of its IFRS free cash flow for dividends if its net debt/EBITDA ratio is below 1.

Viktor Rashnikov, chairman of the board of directors, is a beneficial owner of 84.3% in the company.

(56.6278 rubles Ц U.S. $1)

End

06.02.2018 09:05
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 69.6341 -0.1746 23 feb
USD 56.7608 +0.1071 23 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1301.01 +0.76 18:50 22 feb
micex 2336.82 +0.71 18:50 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 145.97 +1.37 18:49 22 feb
lkoh 3836.00 +0.72 18:49 22 feb
rosn 337.30 +1.14 18:49 22 feb
sber 277.49 -0.61 18:49 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 69.7325 -0.0175 14:59 22 feb
USDTD 56.6200 +0.0250 17:44 22 feb